Industry

Natural solidarity

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A month into BP’s Gulf of Mexico oil catastrophe, the US press began to say that the crisis might be ‘Obama’s 9/11’. It was a comparison that Obama himself repeated a couple of weeks later. Hyperbole? Perhaps – but the disaster certainly opens up space for thinking about alternatives to the industry that created it.

A crisis of democracy: Real solutions to the BP oil spill

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For Gulf residents, the BP oil spill has made the problem of unchecked corporate power painfully clear. Exxon Valdez survivor Riki Ott on why this may be the moment to overcome our political divides and take back our democracy.

UK petroleum analyst Michael Smith – interview (1 of 2)

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“It frustrates me that journalists and even some professionals who should know better are driven by gross reserves numbers when a large part of those reserves won‘t be produced for decades – if they’re produced at all – and have no impact on the financial well-being of a country or company. They really are irrelevant to what will be happening over the next 20 years. Experts in the oil and oil service industries understand this, but I‘m not sure governments who set policy related to energy security and sustainability do”

Major reports point to oil supply turmoil and price volatility

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Major energy reports published this year are pointing to a significant rise in the price of oil due to supply constraints sometime over the next three years – the only disagreement is how soon.

So far 2010 has seen three international reports considering the future of oil production, demand and prices. These were published by high profile groups that command widespread respect – in turn, a collection of UK industrialists, the US military and a joint effort between Europe’s most recognized insurance company and a politically connected think-tank.

Largely ignored by the media, and considered separately online as they came out, it is interesting to do a compare-and-contrast between documents produced for widely different audiences on each side of the Atlantic.

Remembering the remarkable Matthew R. Simmons

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Matt Simmons was arguably the most influential individual on this side of the Atlantic to warn about the coming peak-and-decline of world oil production. Beginning in 2001, when he published his ground-breaking white paper on the world‘s giant oil fields, Matt alerted presidents, politicians and whoever else would listen that our energy joyride was headed for deep trouble. He drove himself tirelessly, riding the speaker circuit at breakneck speed, visiting some 25 countries to deliver over 400 fact-filled energy talks to industry, investment, academic, and general interest audiences.

Then, suddenly, he was gone.

OPEC’s spare crude oil capacity – will it disappear by the end of 2011?

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In this post I present an analysis of how OPEC oil supplies have responded to changes in crude oil prices during the last 10 years. My objective was to estimate OPEC’s probable marketable crude oil capacities as of May 2010, based on responses of OPEC oil supplies to price changes.

Peak oil, prices, and supplies – Aug 16

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-Beyond BP: Michael Klare on US Energy Policy
-Scientists Allege Federal Gov’t Tried to Muffle Plume Findings
-Oil sands toxins growing rapidly
-The Triumph of the Amateur: Remembering Matt Simmons
-Peak oil is the villain governments need
-High Oil Prices: Quantification of direct and indirect impacts for the EU)

ODAC Newsletter – Aug 13

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Oil prices dropped back out of the $80/barrel range this week on weak economic news, and stockpile gains. There is growing anticipation that the US Federal Reserve is about to embark on a new round of quantitative easing following Tuesday’s downgrade of the recovery outlook. In China, July figures showed a slowdown in industrial production and retail sales which added to market nervousness…